Madison County Future Inc
- Assets
- $38.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- London, OH
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 30-0591175
Organization Overview
Madison County Future Inc is located in London, OH. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison County Future Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Madison County Future Inc generated $57.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $62.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (26.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO ASSIST IN COUNTY JOB CREATION, SMALL BUSINESS COUNSELING, LARGE EMPLOYER RETENTION, DEVELOPING PROJECT LEADS, SEEKING COUNTY DEVELOPMENT INVESTMENT AND DEVELOPING NEW PUBLIC INFRASTRUCTURE AND INFRASTRUCTURE IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kell Executive Di | 32 | $14,920 | |
Mark Bennett President | 1 | $0 | |
Mark Forrest Vice Preside | 1 | $0 | |
Kevin Wood Treasurer | 1 | $0 | |
Patrick Closser Secretary | 1 | $0 | |
Dusty Parker Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,004 |
| Total Program Service Revenue | $18,263 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,807 |
| Total Revenue | $57,087 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,920 |
| Professional fees and other payments to independent contractors | $6,784 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,411 |
| Total expenses | $62,115 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,670 |
| Other assets | $0 |
| Total assets | $38,670 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,670 |